Wood Product Market Expected To Grow

The North American wood products market is predicted to reach over $229 billion by 2025, says a report by Research and Markets. Factors such as growing population, escalating new residential construction, high availability of forest reserves, surging demand for wooden furniture in offices, and the rising inclination of the population towards home repair and remodeling are predicted to drive the development. However, price fluctuations of softwood lumber and various wood alternatives are expected to challenge the market.